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Institutional Investment Manager
Edelman Financial Services, LLC
Edelman Financial Services, LLC (CIK: 0001386088) incorporated in Delaware, located at 4000 Legato Road, Fairfax, VA. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q2)
Portfolio Summary: 19 holdings with a total value of $7,342,993,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ISHARES TR 18,670,058 1,927,310,000 26.25%
2 VANGUARD INDEX FDS 11,158,633 1,196,206,000 16.29%
3 SPDR INDEX SHS FDS 24,170,497 823,972,000 11.22%
4 VANGUARD INDEX FDS 8,607,024 763,185,000 10.39%
5 ISHARES TR 6,202,806 761,301,000 10.37%
6 ISHARES TR 27,275,693 665,527,000 9.06%
7 ISHARES TR 4,005,397 598,366,000 8.15%
8 ISHARES TR 1,264,280 161,006,000 2.19%
9 ISHARES TR 778,334 99,666,000 1.36%
10 ISHARES RUSSELL 2000 GROWTH ETF 618,942 84,907,000 1.16%
11 ISHARES TR 1,421,187 79,331,000 1.08%
12 ISHARES TR 402,471 68,062,000 0.93%
13 VANGUARD INDEX FDS 556,560 59,641,000 0.81%
14 VANGUARD BD INDEX FDS 600,695 50,639,000 0.69%
15 ISHARES TR 21,699 2,472,000 0.03%
16 VANGUARD INDEX FDS 5,464 464,000 0.01%
17 POWERSHARES ETF TR II 38,467 409,000 0.01%
18 ISHARES NORTH AMERICAN NATURAL RESOURCES ETF 8,677 288,000 0.00%
19 VANGUARD INDEX FDS 1,949 241,000 0.00%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-004159, filed 2016.08.05).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.